Solana analysis Sol usdt analysis
Time frame daily
Yellow box is very important
The green trend line is a strong support line
So, I think if the support doesn't break, my pattern will happen
SOLUSDT trade ideas
Solana breach the 4 hours resistance but will it breakout soon?The current price for Solana is USDT41.52 nearing the 1 day resistance of USDT42.25. Traders need to wait for 2 to 3 weeks time to see the price action will or will not have a 7% above green closing candle stick break out.
If there is a breakout the price will definitely go higher for more than 100% or above USDT84.50. Based on the next nearest resistance is USDT143.31 for the 1 week charts resistance. Once 7% break out it is all clear the price will reach USDT143.31.
If the strong tail wind of Grayscale Bitcoin ETF will be approved soon and the continue war between Israel and Hamas tension continue, then there will be no further issue the price will go higher. This will only happen when there are no new strong headwind coming into play in cryptocurrency in the coming 6 months time
SOLANA : S/R Gates & ChannelSOL:USDT.P @333min | HMA THEORY 9
S/R Gates & Channel
SOL continues to zig-zag in a curvaceous channel from May 2024
Resistance: "John Wick" & "Bear Customs"
Support: The almighty "Axelrod"
"Rhoades" & "Wendy" are the intermediaries, simply transactional HMAs.
#SOL
SOLUSDT Bullish Corrections: Heading Towards $164Analysis:
Following the impact of yesterday's news, SOLUSDT is showing signs of bullish corrections. The price has been correcting from the $152 price region and is now making its way towards the $164 price point.
Key Points:
News Impact: Recent positive developments have sparked renewed interest and confidence in Solana (SOL), leading to increased buying pressure.
NFP Impact: The Non-Farm Payroll (NFP) report released today significantly affected the market. As a result, we observed a Bitcoin price drop, which caused traders to panic sell across the crypto market. Despite this, SOLUSDT is demonstrating resilience and a bullish correction.
Support Level: The $152 region has shown strong support, acting as a solid foundation for the current upward movement.
Target: Based on current market momentum and technical indicators, the next significant resistance level appears to be around $164.
Technical Indicators:
Moving Averages: The 50-day and 200-day moving averages are converging, indicating potential for a bullish crossover.
Relative Strength Index (RSI): Currently trending upwards, suggesting increasing buying momentum.
Volume: There has been a noticeable uptick in trading volume, supporting the bullish outlook.
Conclusion:
With the support at $152 holding strong and the market reacting positively to recent news, SOLUSDT is poised for a move towards $164. The market's response to the NFP report, causing a Bitcoin price drop and subsequent panic selling, adds an extra layer of volatility to monitor. Traders should watch for potential pullbacks and confirm the uptrend with volume and momentum indicators.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
SOLUSDT, Fri 02 Aug, Updated 2 !What I expected yesterday, It was formed and happened in NY Session.
As Showing in Chart!
There is another chance to get short in PM Session!
I am waiting for the setup will be formed in around 15PM!
Happy Trade!
Solano or Solana?Dear Traders,
im not a bear but this what im seing in the chart.. lets see how this can play spot alwaysss
#SOL/USDT breaks the Diagonal Trendline in 4-Hour TF!#SOL/USDT breaks the Diagonall Trendline in 4-Hour TF!
CRYPTOCAP:SOL is looking heavy. If you are looking for long or buy some in a spot, the Daily IFVG will be a good entry. The local resistance level is PML $157.8.
SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:SOLUSDT
From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana."
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Solana (SOL): Good Rejection From Major ResistanceWe are back with Solana after it formed a nice fakeout movement above the resistance zone and is now moving nicely towards the lower liquidity zones here.
Movement might be sharp but will be good for sure so we keep our eyes on those zones now!
Swallow Team
Solana # SOL #ShortIt is looking bearish to my eyes 👀 as it is in bearish trend so it is safe for me to short from this level
Solana Faces Crucial Re-TestSolana's chart looks pretty similar to Bitcoin's. Accordingly, we can see a bearish structure in the making:
1—Solana has printed a double top on the daily chart. The pattern is similar to the one in March/April, when we saw a drop of almost 50%.
2—The MACD has flashed a bearish crossover on the daily chart, which is usually a strong indicator of more bearish price action.
In this context, the long-term downtrend line seems to be the make-or-break level. Just a couple of days ago, Solana broke out of the downtrend that started in March.
A break below would certainly trigger more sell pressure, while a successful bounce would signal a strong bullish sign.
SOLUSDT, Thu 01 Aug, Updated 1!A new analysis on price action Solana!
In the daily candle, the price of Sol decreased from April 1 to April 13.
A sharp and relatively quick downward movement from the price of 203 to 112.
Then it went up and fell again to the price of 118 and from there it went up to 189 (May 21).
The price of 176 is the buy stop line, which was broken by this upward movement.
But it didn't reach the price of 192 (red FVG) and then it went down again.
Of course, after touching the price of 176, the price went down and continued until June 24.
It went up a bit and reached the price of 121 again (July 5) and the price went up until the 29th of July and the FVJ touched the upper red color.
It is the fourth day that the price has been bearish, an FVG has been formed between the second and fourth day.
Result:
Regardless of what levels of Fibonacci the price touches (32, 50 or 62%), but the price will definitely return to the FVG (between the second and fourth day) and you can get a good High profitably short!
This is not a buy or sell or trade offer, this is just an analysis and an idea!
$SOL price possibilities #solana #sol chart seems weakening, if the price don't intend to do a retest. But it's lower possibility. Further correction will be appreciated. The paths are on the chart. If #solusd breaks out the channel , paths will be temporary invalidated.
#SOL/USDT#SOL
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 165.40
We have a trend to stabilize above the 100 moving average
Entry price 168.74
First target 173.74
Second target 179.42
Third target 186.14
SOL buy setupThe structure of SOL is bullish and in this structure we are looking for positions aligned with the structure in the movement origins.
We have specified the support range as demand on the chart.
We are looking for buy/long positions on this range.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
SOLUSDT is demonstrating strong bullish ✉️ Pair: SOLUSDT
📈 Direction: Long
💯 Leverage: Max 20X
📊 Buy Level: Above $188
✋ Stop Loss: Below $165
✅ Target 1: $200
✅ Target 2: $215
✅ Target 3: $230
✅ Target 4: $260
SOLUSDT is demonstrating strong bullish momentum, advancing towards its all-time high (ATH) after recently breaking through key resistance levels. The current trajectory suggests a potential significant increase that could surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to protect your investments against unexpected market fluctuations.
Manage your risk – never trade with more than 1% of your capital on a single trade.
DONT FORGET TO BOOST US
SOLANADoes CRYPTOCAP:SOL forming "Head and Shoulder" pattern. If it do so, we can see CRYPTOCAP:SOL at $130 to $120 range.
Nearby support line for CRYPTOCAP:SOL is $155 to $160 if it holds that don't worry, if doesn't it's somewhat matters....
Please feel free to correct me if somewhere I am wrong in analysis.
SOL pumped 5%SOL idea was shared yesterday and it exactly filled entry zone and pumped 5%.
Now after retest we will go more higher as green line marked on the chart.
Always choose bullish tokens to go long----SOLAfter BTC failed to stand above 70000, it did not fall much. The bulls seemed to intend to gather strength again to attack the 70000. The FOMC will be announced today. Although the market does not expect the FOMC to cut interest rates this time, time is passing and the best news is the absence of bad news. Employment data for July will be released on Friday. Yes, this is a great opportunity for BTC.
However, Altcoins do not want to take this risk. Most Altcoins are waiting for BTC to reach the target before taking action. Hah, you know why. Therefore, in the current environment, tokens that are still rising or maintaining fluctuation are good choices for trading, and and are less likely to be manipulated.
So, a month after the last article was published, SOL became the subject of our discussion again. At the 4h level, SOL prompted a BUY signal on July 15 and started a new rise after that. After the SOL hit 190 yesterday, it started to pull back, the wavy area came into play again, preventing further declines. The bullish trend in SOL is currently performing well.
If you are an investor with a low risk appetite, always choose a bullish token to go long, or a bearish token to go short.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
